2009 In Focus: The Underwriting Cycle Call for Presentations
Actuaries that work on pricing and reserving issues need to consider the effects of underwriting cycles on their analyses. The CAS will hold a Special Interest Seminar (SIS) called In Focus: The Underwriting Cycle Seminar, to be held on October 5-6, 2009 at The Westin Alexandria in Alexandria, VA located in the Washington, DC Metropolitan area. The SIS committee is requesting a call for presentations to be included in this Seminar. The presentation topics for the SIS Seminar may include, but are not necessarily limited to, the following:
- Cycle Management: Discussing how actuaries, underwriters and other parties, including claims and the Board of Directors, have varying degrees of input in managing cycles.
- Lessons Learned: Understanding changes from the last soft market, perhaps with a comparison across cycles and lines of business.
- Rate Adequacy: Evaluating the issues that drive changes in rate adequacy.
- Rate Monitoring: Measuring renewal rate changes, changes in terms and conditions, shift from E&S to standard markets, etc.
- Cost Integrity: Estimating costs correctly, versus developing biased estimations because of a soft market.
- Rate Integrity: Measuring rate changes correctly.
- Balance Sheet Integrity: Evaluating the reasonability of the loss reserves in light of possible biases due to the cycle.
- Other Factors that Affect the Cycle: Measuring expense ratio impacts of premium management, investment environment, capital markets, stock price decisions, or other cycle-related issues.
- Role of the Broker: Understanding the effect brokers have on cycles.
- Rating Agencies and Auditors: Evaluating whether they help to minimize the impact of underwriting cycles or exacerbate them.
- Reinsurance: Evaluating the role of reinsurance availability and pricing on underwriting cycles.
Please submit your proposed session title, session description, speaker(s) and other requested information using the online submission process, http://cas.confex.com/cas/ucs09/cfp.cgi by March 13, 2009. Please note that real-life applications, hands-on/interactive sessions, and practical case studies are welcome.